Eaton Vance Floating-Rate Income Trust (NYSE:EFT) announced a monthly dividend on Monday, March 4th, Wall Street Journal reports. Investors of record on Thursday, March 21st will be given a dividend of 0.074 per share by the investment management company on Friday, March 29th. This represents a $0.89 annualized dividend and a dividend yield of 6.49%. The ex-dividend date is Wednesday, March 20th. This is a positive change from Eaton Vance Floating-Rate Income Trust’s previous monthly dividend of $0.07.
Eaton Vance Floating-Rate Income Trust has decreased its dividend by an average of 0.2% annually over the last three years.
Shares of EFT stock opened at $13.68 on Friday. Eaton Vance Floating-Rate Income Trust has a twelve month low of $12.29 and a twelve month high of $15.29.
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Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans.
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